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Allahabad Bank Kotar Satna Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Kotar Satna Madhya Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sharda Gramin Kotar
Contact R K Soni, 9755664096
Bank Details Allahabad Bank Sharda Gramin Kotar ALLA0SG5002
Location Kotar, Satna
City Kotar
District Satna
State Madhya Pradesh
Pincode 485226
Country IN
Address Village kotar, post kotar, district, satna , m.p.
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

Search Allahabad Bank MICR Codes in satna

You can search through MICR Codes of Madhya Pradesh branches in kotar of District satna in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

How to find MICR codes for Allahabad Bank in kotar?

Allahabad Bank kotar MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Allahabad Bank MICR codes list for kotar, one can further search by branch name specified in the table. You can find MICR codes for all Allahabad Bank kotar branches.

Allahabad Bank MICR code in kotar

Allahabad Bank MICR code is a character recognition technology used by banks in the processing of cheques. Allahabad Bank MICR code for kotar branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Allahabad Bank branches in kotar, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Allahabad Bank MICR code for kotar branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Allahabad Bank kotar branch, sprinted using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. Thus MICR code for Allahabad Bank kotar branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Allahabad Bank MICR codes for kotar branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!